Truist Financial Increases eBay (NASDAQ:EBAY) Price Target to $50.00

eBay (NASDAQ:EBAY) had its price target hoisted by equities research analysts at Truist Financial from $48.00 to $50.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “hold” rating on the e-commerce company’s stock. Truist Financial’s price objective points to a potential downside of 0.14% from the company’s current price.

EBAY has been the subject of several other research reports. Benchmark reissued a “buy” rating and issued a $58.00 price target on shares of eBay in a report on Thursday, May 2nd. StockNews.com lowered shares of eBay from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Barclays boosted their price target on shares of eBay from $61.00 to $65.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Robert W. Baird upped their target price on shares of eBay from $50.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. Finally, TD Cowen upped their target price on shares of eBay from $42.00 to $45.00 and gave the stock a “hold” rating in a report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $51.45.

eBay Price Performance

NASDAQ:EBAY opened at $50.07 on Monday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.99 and a quick ratio of 1.99. The firm has a market cap of $25.34 billion, a price-to-earnings ratio of 9.97, a price-to-earnings-growth ratio of 1.93 and a beta of 1.31. The company has a 50 day moving average price of $51.03 and a 200-day moving average price of $44.98. eBay has a 1-year low of $37.17 and a 1-year high of $52.93.

eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.05. The firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.53 billion. eBay had a net margin of 25.97% and a return on equity of 29.11%. The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.87 EPS. Equities research analysts forecast that eBay will post 3.75 EPS for the current year.

eBay declared that its Board of Directors has authorized a stock buyback program on Tuesday, February 27th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the e-commerce company to reacquire up to 8.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other eBay news, SVP Edward O. Garcia sold 1,165 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $43.03, for a total transaction of $50,129.95. Following the completion of the transaction, the senior vice president now owns 31,888 shares of the company’s stock, valued at $1,372,140.64. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, SVP Marie Oh Huber sold 49,070 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the sale, the senior vice president now owns 177,391 shares of the company’s stock, valued at $8,803,915.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Edward O. Garcia sold 1,165 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $43.03, for a total transaction of $50,129.95. Following the sale, the senior vice president now directly owns 31,888 shares in the company, valued at approximately $1,372,140.64. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by insiders.

Institutional Trading of eBay

Several hedge funds have recently made changes to their positions in the business. Tempus Wealth Planning LLC lifted its position in shares of eBay by 3.1% during the first quarter. Tempus Wealth Planning LLC now owns 8,539 shares of the e-commerce company’s stock worth $451,000 after purchasing an additional 254 shares in the last quarter. GHE LLC raised its holdings in eBay by 1.5% in the fourth quarter. GHE LLC now owns 17,480 shares of the e-commerce company’s stock valued at $762,000 after acquiring an additional 260 shares in the last quarter. Savant Capital LLC raised its holdings in eBay by 2.3% in the fourth quarter. Savant Capital LLC now owns 11,411 shares of the e-commerce company’s stock valued at $498,000 after acquiring an additional 262 shares in the last quarter. Affinity Investment Advisors LLC raised its holdings in eBay by 3.0% in the fourth quarter. Affinity Investment Advisors LLC now owns 9,494 shares of the e-commerce company’s stock valued at $414,000 after acquiring an additional 275 shares in the last quarter. Finally, Quent Capital LLC raised its holdings in eBay by 10.5% in the fourth quarter. Quent Capital LLC now owns 2,971 shares of the e-commerce company’s stock valued at $130,000 after acquiring an additional 282 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Company Profile

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company's marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.